Currency exchange rate, 2008

December 30, 2008, Kyiv.

In the video: Main Post Office of Kyiv, currency exchange office, board with currency exchange rate; people walking down the street, Independence Square; people near the exchanger, counting money, bank.

Reference: The 2008 financial crisis in Ukraine was a consequence of the global crisis, which manifested itself in a sharp decline in GDP, devaluation of the hryvnia, a reduction in exports due to falling steel prices, and a halt in construction and lending. This led to rising unemployment and a decline in living standards, and the state took out loans from the IMF to stabilize the banking system and cover the budget deficit.

During the 2008 financial crisis in Ukraine, the dollar exchange rate rose sharply: at the beginning of the year, it was around 5 hryvnia, but by the end of 2008, it had fallen to 8 hryvnia per dollar.